Market Overview
| Study Period | 2020 - 2030 |
|---|---|
| Market Size (2025) | USD 127.30 Billion |
| Market Size (2030) | USD 136.30 Billion |
| Growth Rate (2025 - 2030) | 1.38% CAGR |
| Fastest Growing Market | Europe |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Shrimp Market Analysis by Mordor Intelligence
The Shrimp Market size is estimated at USD 127.30 billion in 2025, and is expected to reach USD 136.30 billion by 2030, at a CAGR of 1.38% during the forecast period (2025-2030).
Land-based recirculating aquaculture systems are gaining traction as climate change and disease outbreaks increasingly threaten the reliability of traditional open-pond farming. Vertically integrated companies are streamlining operations by controlling the entire value chain, including input supply, processing, and distribution. Sustainability-focused procurement policies, particularly in Europe, are influencing global trade patterns. By species, pink shrimp currently dominate the market, but tiger shrimp are emerging as a strong competitor due to innovation in farming practices. In terms of product form, frozen shrimp lead the market; however, canned shrimp are experiencing notable growth. Regarding the source, farmed shrimp production continues to expand, but wild-caught shrimp maintain a premium position due to their perceived quality. For distribution channels, on-trade sales have traditionally dominated, but off-trade channels are witnessing faster growth across the shrimp industry. The shrimp market remains highly fragmented, with production spread across numerous small-scale pond operators, cooperatives, and processors. This fragmentation presents challenges for market consolidation but also offers opportunities for innovation and differentiation among players.
Key Report Takeaways
- By species, pink shrimp led with 46.28% of the shrimp market share in 2024; tiger shrimp is projected to advance at a 2.45% CAGR through 2030.
- By form, frozen products accounted for 64.83% of the shrimp market size in 2024, whereas canned products are expected to grow at a 3.83% CAGR up to 2030.
- By source, farmed shrimp supplied 60.58% of global volume in 2024, while wild-caught output is set to rise at a 3.28% CAGR toward 2030.
- By distribution channel, on-trade retained a 63.75% share in 2024, yet off-trade sales are forecast to accelerate at a 2.55% CAGR during the outlook period.
- By geography, Asia-Pacific commanded 52.67% of 2024 revenue, whereas Europe is poised for the fastest expansion at a 2.26% CAGR to 2030.
Global Shrimp Market Trends and Insights
Drivers Impact Analysis
| DRIVER | (~) % IMPACT ON CAGR FORECAST | GEOGRAPHIC RELEVANCE | IMPACT TIMELINE |
|---|---|---|---|
| Rising consumer demand for protein-rich foods | +0.4% | Global, strongest in Asia-Pacific and North America | Medium term (2-4 years) |
| Technology and farming innovation | +0.3% | Asia-Pacific core, expanding to North America and Europe | Long term (≥ 4 years) |
| Increasing global seafood trade and export opportunities | +0.2% | South America and Asia-Pacific export hubs | Short term (≤ 2 years) |
| Growing consumer demand for sustainable, certified, ethical, and traceable sourced shrimp | +0.3% | Europe and North America leading, Asia-Pacific following | Medium term (2-4 years) |
| Foodservice and ethnic cuisine demand | +0.2% | North America and Europe primary, urban centers in Asia-Pacific | Short term (≤ 2 years) |
| Expansion of aquaculture | +0.4% | Asia-Pacific and South America, emerging in Middle East | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Understand The Key Trends Shaping This Market
Download PDF
Rising consumer demand for protein-rich foods
Consumers are increasingly focusing on protein consumption, which is driving the growth of the shrimp market. As people shift toward healthier and more balanced diets, shrimp has become a popular choice due to its high nutritional value and ease of preparation. According to the International Food Information Council (IFIC) Food and Health Survey 2024, 71% of Americans are actively seeking to increase their protein intake, highlighting a global trend toward protein-rich diets[1]Source: International Food Information Council, "2024 IFIC Food & Health Survey," ific.org. This demand aligns with the Royal Society of Chemistry's recommendation of a daily protein intake of 45 grams for healthy women and 55 grams for healthy men[2]Source: Royal Society of Chemistry, "Adhering to Recommended Dietary Protein Intake for Optimizing Human Health Benefits Versus Exceeding Levels," pubs.rsc.org. Shrimp is an excellent option to meet these requirements, as a 100-gram serving of cooked shrimp provides approximately 24 grams of protein, according to Medical News Today in 2024. Shrimp is affordable, quick to prepare, and versatile, making it a practical alternative to more expensive protein sources like beef and poultry. These factors are solidifying shrimp's position as a key component in global protein consumption trends.
Expansion of aquaculture capacity
Increasing aquaculture capacity is a major factor driving the market growth, supported by both government initiatives and private-sector investments. In India, the Pradhan Mantri Matsya Sampada Yojana (PMMSY) has allocated INR 2,398.72 crore for developing aquaculture infrastructure, including advanced pond systems and recirculatory systems in Andhra Pradesh from 2020 to 2025. This includes INR 559.10 crore in central government assistance. The state has provided INR 4,095.17 crore in power subsidies to over 68,000 aquaculture service connections and offers reduced electricity tariffs to support shrimp farmers, as per the Government of India[3]Source: Government of India, "Intensive Aquaculture in Ponds and Tanks," pib.gov.in. Similarly, Saudi Arabia’s National Aquaculture Group (Naqua) is working to increase its shrimp production capacity to 250,000 tonnes annually by 2030, aligning with the country’s Vision 2030 food security goals. Efforts to expand shrimp farming capacity, improve infrastructure, and reduce production costs are playing a crucial role in strengthening global supply chains.
Growing demand for sustainable, certified, ethical, and traceable shrimp
The demand for sustainable, certified, ethical, and traceable shrimp is becoming a key factor driving the shrimp market. In 2024, the Aquaculture Stewardship Council expanded its certification programs to include smallholder farms, making it easier for smaller producers to meet these growing demands[4]Source: Aquaculture Stewardship Council, "2024: A Year of Milestones And Success For ASC – And More To Come In 2025!," asc-aqua.org. Meanwhile, United States retailers introduced QR-coded shelf tags, allowing consumers to access detailed information about shrimp, such as the pond location and antibiotic testing results. Walmart’s North Star initiative, in collaboration with Omarsa and Skretting, further emphasized sustainability by incorporating renewable-energy feed mills and traceable soy into Ecuador’s shrimp supply chains, highlighting how multinational buyers are willing to invest in transparency and ethical practices to meet consumer expectations. In response to these trends, industry players have introduced innovative solutions. For example, the Sustainable Shrimp Partnership launched a blockchain-based traceability app, and Aquaculture Stewardship Council introduced its digital TraceASC platform in 2024.
Increasing global seafood trade and export opportunities
The global seafood trade and gro wing export opportunities are key factors driving the shrimp market. Advancements in cold-chain logistics, standardized quality requirements, and evolving trade policies support these trends. For example, India planned to export 40,000 tonnes of shrimp to the United States after a temporary suspension of antidumping duties. This move highlights India's ability to meet strict export standards and compete in international markets. Similarly, Ecuador has improved its shrimp production through better pond management and genetic advancements, allowing it to surpass India in some monthly export volumes to major markets like China and the United States. These shifts are further supported by enhanced cold-chain infrastructure, which ensures the freshness of shrimp during transportation, and digital freight-forwarding platforms that provide real-time pricing information. These tools help producers reduce costs and access high-value markets, strengthening their global competitiveness.
Restraints Impact Analysis
| RESTRAINT | (~) % IMPACT ON CAGR FORECAST | GEOGRAPHIC RELEVANCE | IMPACT TIMELINE |
|---|---|---|---|
| Labor and infrastructure challenges | -0.3% | South America and Asia-Pacific production regions | Medium term (2-4 years) |
| Feed-price inflation and disease outbreaks at source farms | -0.4% | Global, particularly Asia-Pacific and South America | Short term (≤ 2 years) |
| Stringent regulatory and quality standards | -0.2% | North America and Europe import markets | Medium term (2-4 years) |
| Climate change and water salinity issues | -0.3% | Coastal production regions globally | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Feed-price inflation and disease outbreaks at source farms
Increasing feed costs and frequent disease outbreaks are major challenges for the market, significantly affecting both profitability and production stability. Feed expenses make up nearly two-thirds of the total costs in shrimp farming, leaving the sector highly exposed to fluctuations in commodity prices. For example, in 2024, drought conditions in Brazil caused a sharp rise in soy prices, which led to a substantial increase in production costs across Asia. Farmers had to adjust feed formulations to manage these rising costs, but the impact was already felt. Diseases like Early Mortality Syndrome (EMS) and White Spot Disease continue to severely affect shrimp farms, with reports from NOAA Fisheries indicating that some farms experienced up to 80% mortality rates during severe outbreaks. The growing resistance of these diseases to common treatments has forced farmers to invest more in preventive measures, such as improved aeration systems, water-exchange technologies, and disease management solutions.
Climate change and water salinity issues
Climate change and increasing water salinity are becoming significant challenges for the market, directly affecting productivity and long-term sustainability. Rising sea levels are pushing salty seawater further inland, contaminating freshwater sources that are essential for preparing shrimp ponds. This issue is particularly severe in major shrimp-producing areas like Vietnam’s Mekong Delta and parts of Bangladesh. Temperature fluctuations outside the ideal range of 28-32°C are slowing shrimp growth and weakening their immune systems. This leads to longer production cycles and makes shrimp more prone to diseases. Ocean acidification is another concern, as it impacts the health and survival of wild shrimp broodstock and larvae. To address these issues, hatcheries are adopting expensive solutions such as buffered rearing systems and mineral-enriched diets. Farmers are also facing higher costs for infrastructure improvements, including building stronger levees, digging deeper wells for freshwater, and installing shade structures to regulate pond temperatures.
Segment Analysis
By Species: Pink Shrimp Dominance Faces Tiger Innovation
Pink shrimp accounted for a significant 46.28% share of the market in 2024, primarily due to its widespread consumer appeal, efficient processing systems, and consistent availability throughout the year. Its popularity is attributed to its dependable quality, ease of preparation, and adaptability in various cuisines, making it a preferred choice for both households and restaurants. The availability of value-added products, such as peeled and deveined shrimp, has further boosted its demand. Pink shrimp benefits from well-established trade networks and economies of scale, solidifying its position as a key contributor to global shrimp consumption.
On the other hand, tiger shrimp is expected to grow at a faster pace, with a projected CAGR of 2.45% through 2030. This growth is driven by advancements in Specific Pathogen-Free (SPF) genetics, which have improved survival rates and enabled the production of larger shrimp sizes that fetch premium prices in gourmet and restaurant markets. Tiger shrimp is gaining traction in high-end foodservice and export markets, particularly in regions like North America, Europe, and parts of Asia. The combination of genetic advancements, specialized farming techniques, and increasing consumer demand for premium seafood positions tiger shrimp as a rapidly growing segment in the market.
Note: Segment shares of all individual segments available upon report purchase
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF
By Form: Frozen Leadership Challenged by Canned Growth
Frozen shrimp continues to lead the global market, holding a 64.83% share in 2024. This dominance is largely due to advancements in Individually Quick Frozen (IQF) technology, which helps maintain the shrimp's texture, flavor, and freshness. Frozen shrimp is highly favored for its convenience, long shelf life, and consistent quality, making it a top choice for both consumers and retailers. The strong presence of cold-chain infrastructure supports its distribution to supermarkets, foodservice providers, and international markets. Ongoing investments in cold storage and logistics are helping frozen shrimp reach new regions, further driving its growth.
Canned shrimp is steadily gaining popularity and is expected to grow at a 3.83% CAGR through 2030. Its key advantage lies in its shelf-stable nature, making it suitable for areas with limited or unreliable refrigeration. Consumers are increasingly drawn to canned shrimp for its convenience and versatility, as it can be used in ready-to-eat meals, snacks, and various recipes. This format is particularly appealing in emerging markets, where it aligns with changing dietary habits and growing access to seafood products. As demand for easy-to-store and ready-to-use protein options rises, canned shrimp is carving out a significant niche in the shrimp industry.
By Source: Farmed Expansion Meets Wild-Caught Premiums
Farmed ponds and land-based Recirculating Aquaculture Systems (RAS) made up 60.58% of the market in 2024, primarily due to their ability to produce shrimp consistently throughout the year with uniform size and quality. These systems are designed with strong biosecurity measures, which help reduce the risk of diseases and improve shrimp survival rates. Advancements in farming techniques, better feed efficiency, and genetic improvements have made these systems more competitive. Investments in modern infrastructure are also helping producers expand their operations to meet the increasing global demand for shrimp. As a result, farmed shrimp has become a reliable and essential part of the shrimp industry.
Wild-caught shrimp is expected to grow at a 3.28% CAGR through 2030, driven by improvements in sustainability practices and traceability technologies. These advancements, such as Marine Stewardship Council (MSC) certification and on-board freezing methods like Individually Quick Frozen (IQF), ensure that wild-caught shrimp meets the demand for high-quality, sustainably sourced seafood. This has made wild-caught shrimp particularly appealing to consumers in premium markets who prioritize transparency and ethical sourcing. As awareness of sustainability grows, wild-caught shrimp is likely to capture a larger share of the premium seafood market, offering a unique value proposition compared to farmed alternatives.
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF
By Distribution Channel: On-Trade Dominance Shifts to Off-Trade Growth
In 2024, on-trade made up 63.75% of the market, highlighting their significant role in driving demand. Shrimp is highly popular in the foodservice industry due to its quick cooking time, portion flexibility, and ability to suit a variety of cuisines. It is widely used in dishes ranging from simple appetizers to high-end entrées, making it a versatile choice for chefs. Value-added products like peeled, deveined, and ready-to-cook shrimp simplify kitchen operations and save time, further boosting their appeal. Shrimp’s premium image in many culinary settings ensures its continued dominance in the on-trade segment.
Off-trade channels, including retail and e-commerce, are expected to grow at a 2.55% CAGR through 2030, driven by changing consumer preferences and advancements in distribution. Supermarkets and convenience stores are expanding their frozen food sections to include more shrimp products, while e-commerce platforms are making it easier for consumers to access seafood. Meal kits featuring shrimp are also gaining popularity, catering to the demand for convenient, home-cooked meals. Innovations in packaging, branding, and traceability are enhancing consumer trust and interest in shrimp products across the shrimp industry.
Geography Analysis
In 2024, Asia-Pacific accounted for 52.67% of the shrimp market revenue, driven by low labor costs, vast coastlines, and strong export infrastructure in countries like India, Vietnam, and Thailand. Government support, such as subsidies for aeration equipment and broodstock imports, has further strengthened the region's competitive edge. However, challenges like disease outbreaks and increasing labor costs are pushing some producers to adopt automated feeding systems and recirculating aquaculture systems (RAS) to maintain profitability. Rising domestic demand in countries like China and Indonesia allows producers to prioritize local markets over lower-margin exports, especially when international shipping costs increase.
Europe is the fastest-growing region, with a projected CAGR of 2.26% through 2030. This growth is largely driven by strict regulations promoting sustainable seafood, which has increased demand for certified products. For instance, Germany and the Netherlands are implementing retail programs that exclusively sell ASC-certified shrimp, enabling higher prices compared to non-certified imports. Meanwhile, land-based shrimp farming startups in the United Kingdom and Denmark are using renewable energy to promote local and sustainable production. Although these operations are still small, they highlight a potential shift in the market as sustainability becomes a key focus for foodservice chains aiming to reduce their carbon footprint within the shrimp industry.
North America remains a highly regulated import market where factors like strong cold-chain systems, portion-controlled packaging, and strict food safety standards determine supplier eligibility. Recent trade measures, such as antidumping duties on shrimp from India and Vietnam, have created opportunities for exporters from Ecuador and Honduras. These developments have encouraged the growth of inland RAS farms in United States states like Florida, Texas, and Massachusetts. In South America, Ecuador leads the market due to its deepwater ports and year-round shrimp production. In the Middle East and Africa, the shrimp market is still developing, supported by investments in food security and the expansion of temperature-controlled retail infrastructure, which helps overcome traditional supply chain limitations.
Get Analysis on Important Geographic Markets
Download PDF
Competitive Landscape
The shrimp market is highly fragmented, with production spread across numerous pond operators, cooperatives, and processors. This fragmentation is reflected in a low concentration score. Companies are increasingly pursuing cross-border integration to secure raw materials and expand their processing capabilities. For example, Thai Union’s 40% stake in United States importer Avanti Frozen Foods ensures a steady supply of raw materials for its value-added plants in Georgia and Texas. Similarly, AquaStar’s investment in India’s Sagar Grandhi Exports has boosted their combined daily processing capacity to 125 metric tons, ensuring a reliable supply chain for North American distribution. These strategies highlight the growing importance of vertical integration in the market.
Technological advancements are also reshaping the competitive landscape of the shrimp industry. Companies like NaturalShrimp are leveraging patented electrocoagulation systems for indoor shrimp farming, while Hydrenesis uses ion-source water conditioning to promote faster growth and reduce mortality rates. These innovations represent a shift toward intellectual property-driven competition, creating opportunities for firms to establish unique market positions. Atarraya’s containerized “shrimpbox” modules are lowering capital expenditure and enabling shrimp farming in urban areas, making the industry more accessible. Such technologies are expected to play a critical role in addressing challenges like disease outbreaks and environmental concerns.
Certification and compliance are becoming increasingly important for market access, as retailers and consumers demand higher standards for sustainability and ethical practices. Companies that fail to meet requirements related to antibiotic use or labor practices risk being delisted by major buyers and facing public backlash. This trend is driving industry consolidation, as smaller players struggle to keep up with stricter regulations. Despite these challenges, the top 5 exporters collectively leave significant opportunities for regional players and innovative disruptors to capture market share. The evolving dynamics of the market underscore the need for adaptability and strategic investments in technology and compliance.
Shrimp Industry Leaders
-
Aqua Star Corp
-
The Waterbase Limited
-
Thai Union (Chicken of the Sea)
-
Sysco Corporation
-
Maruha Nichiro Corp. (Umios Corp.)
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Recent Industry Developments
- February 2025: SeaPak Shrimp & Seafood introduced a new product inspired by the flavors of New Orleans, called SeaPak Classic Cajun Style Shrimp aimed to bring the authentic taste of Cajun cuisine to consumers, offering a convenient and flavorful seafood option.
- February 2024: Prime Shrimp expanded its product portfolio by introducing a new Soy Ginger flavor to its frozen sauced shrimp line. This addition aimed to cater to evolving consumer preferences for diverse and convenient meal options.
- April 2023: CP Foods introduced Homegrown Shrimp USA, a sustainable shrimp farming initiative based in Florida to promote eco-friendly shrimp production while catering to the growing demand for responsibly sourced seafood in the United States.
- November 2023: Beaver Street Fisheries, Inc. launched its newest selection to its popular Sea Best Seafood Festival line. The seafood boil addresses a consumer demand for more interesting seafood options that are easy to prepare at home. The new Steamer Pot offers a New England-style boil that includes shrimp, cold water lobster claws, clams, and mussels.
Global Shrimp Market Report Scope
Canned, Fresh / Chilled, Frozen, Processed are covered as segments by Form. Off-Trade, On-Trade are covered as segments by Distribution Channel. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
By Species
| Pink Shrimp |
| Tiger Shrimp |
| Rock Shrimp |
| Others |
By Form
| Canned |
| Fresh/Chilled |
| Frozen |
| Dried |
By Source
| Farmed |
| Wild-Caught |
By Distribution Channel
| Off-Trade | Supermarkets/Hypermarkets |
| Online Retail Stores | |
| Convenience Stores | |
| Others | |
| On-Trade |
By Geography
| North America | United States |
| Canada | |
| Mexico | |
| Rest of North America | |
| South America | Brazil |
| Colombia | |
| Chile | |
| Peru | |
| Argentina | |
| Rest of South America | |
| Europe | United Kingdom |
| Germany | |
| France | |
| Italy | |
| Spain | |
| Poland | |
| Belgium | |
| Sweden | |
| Rest of Europe | |
| Asia-Pacific | China |
| Japan | |
| India | |
| Australia | |
| Indonesia | |
| South Korea | |
| Thailand | |
| Singapore | |
| Rest of Asia-Pacific | |
| Middle East and Africa | South Africa |
| Saudi Arabia | |
| United Arab Emirates | |
| Nigeria | |
| Egypt | |
| Morocco | |
| Turkey | |
| Rest of Middle East and Africa |
| By Species | Pink Shrimp | |
| Tiger Shrimp | ||
| Rock Shrimp | ||
| Others | ||
| By Form | Canned | |
| Fresh/Chilled | ||
| Frozen | ||
| Dried | ||
| By Source | Farmed | |
| Wild-Caught | ||
| By Distribution Channel | Off-Trade | Supermarkets/Hypermarkets |
| Online Retail Stores | ||
| Convenience Stores | ||
| Others | ||
| On-Trade | ||
| By Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Rest of North America | ||
| South America | Brazil | |
| Colombia | ||
| Chile | ||
| Peru | ||
| Argentina | ||
| Rest of South America | ||
| Europe | United Kingdom | |
| Germany | ||
| France | ||
| Italy | ||
| Spain | ||
| Poland | ||
| Belgium | ||
| Sweden | ||
| Rest of Europe | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| Indonesia | ||
| South Korea | ||
| Thailand | ||
| Singapore | ||
| Rest of Asia-Pacific | ||
| Middle East and Africa | South Africa | |
| Saudi Arabia | ||
| United Arab Emirates | ||
| Nigeria | ||
| Egypt | ||
| Morocco | ||
| Turkey | ||
| Rest of Middle East and Africa | ||
Need A Different Region or Segment?
Customize Now
Market Definition
- Frozen / Canned Seafood - Frozen seafood are products whose average temperature is reduced to -18 ° C or lower to preserve the inherent quality of the fresh fish. Then it is kept at a temperature of -18 ° C or lower to maintain its shelf life.
- Processed Seafood - Processed seafood are the ones that have been cured, salted, marinated, dried, pickled, fermented or smoked for human consumption.
- Seafood - It contains marine species that can be consumed, particularly fish and shelled marine life.
- Shrimp - Shrimp are swimming crustaceans. They have long, slender muscles in their abdomens and lengthy antennae.
| Keyword | Definition |
|---|---|
| A5 | It is a Japanese grading system for beef. The 'A' means the carcass yield is the highest possible and the numeric rating relates to beef marbling, color and brightness of the flesh, its texture and color, luster, and fat quality. A5 is the highest mark wagyu beef can score. |
| Abbatoir | It is another name for a slaughterhouse and refers to the premise used for or in connection with the slaughter of animals whose meat is intended for human consumption. |
| Acute Hepatopancreatic Necrosis Disease (AHPND) | It is a disease that affects shrimp and is characterized by high mortalities, in many cases reaching 100% within 30-35 days of stocking grow-out ponds. |
| African Swine Fever (ASF) | It is a highly contagious viral disease of pigs caused by a double-stranded DNA virus in the Asfarviridae family. |
| Albacore Tuna | It is one of the smallest species of tuna found in the six distinct stocks known globally in the Atlantic, Pacific, and Indian oceans, as well as the Mediterranean Sea. |
| Angus beef | It is beef derived from a specific breed of cattle indigenous to Scotland. It requires certification from the American Angus Association to receive the "Certified Angus Beef" quality mark |
| Bacon | It is salted or smoked meat that comes from the back or sides of a pig |
| Black Angus | It is beef derived from a black-hided breed of cows that don't have horns. |
| Bologna | It is an Italian smoked sausage made of meat, typically large and made from pork, beef or veal. |
| Bovine spongiform encephalopathy (BSE) | It is a progressive neurological disorder of cattle that results from infection by an unusual transmissible agent called a prion. |
| Bratwurst | It refers to a type of German sausage made from pork, beef or veal. |
| BRC | British Retail Consortium |
| Brisket | It is a cut of meat from the breast or lower chest of beef or veal. The beef brisket is one of the nine beef primal cuts. |
| Broiler | It refers to any chicken (Gallus domesticus) that is bred and raised specifically for meat production. |
| Bushel | It is a unit of measurement for grains and pulses. 1 bushel = 27.216 kg |
| Carcass | It refers to the dressed body of a meat animal from which butchers trim the meat |
| CFIA | Canadian Food Inspection Agency |
| Chicken Tender | It refers to chicken meat prepared from the pectoralis minor muscles of a chicken bird. |
| Chuck Steak | It refers to a cut of beef that is part of the chuck primal, which is a large section of meat from the shoulder area of a cow |
| Corned Beef | It refers to beef brisket cured in brine and boiled, typically served cold. |
| CWT | Also known as a hundredweight, it is a unit of measurement used to define the quantity of meat. 1 CWT = 50.80 kg |
| Drumstick | It refers to a chicken leg without the thigh. |
| EFSA | European Food Safety Authority |
| ERS | Economic Research Service of the USDA |
| Ewe | It is an adult female sheep. |
| FDA | Food and Drug Administration |
| Fillet Mignon | It is a cut of meat taken from the smaller end of the tenderloin. |
| Flank Steak | It is a cut of beef steak taken from the flank, which lies forward of the rear quarter of a cow. |
| Foodservice | It refers to the part of the food industry which includes businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, school and hospital cafeterias, catering operations, and many other formats. |
| Forage | It refers to animal feed. |
| Foreshank | It is the upper part of the foreleg of cattle |
| Franks | Also known as frankfurter or Würstchen, it is a type of highly seasoned smoked sausage popular in Austria and Germany. |
| FSANZ | Food Standards Australia New Zealand |
| FSIS | Food Safety and Inspection Service |
| FSSAI | Food Safety and Standards Authority of India |
| Gizzard | It refers to an organ found in the digestive tract of birds. It is also called the mechanical stomach of a bird. |
| Gluten | It is a family of proteins found in grains, including wheat, rye, spelt, and barley |
| Grain-fed beef | It is beef derived from cattle that have been fed a diet supplemented with soy and corn and other additives. Grainfed cows can also be given antibiotics and growth hormones to fatten them up more quickly. |
| Grass-fed beef | It is beef derived from cattle that have only been fed grass as feed. |
| Ham | It refers to the pork meat taken from the leg of a pig. |
| HoReCa | Hotels, Restaurants and Cafes |
| Jerky | It is lean trimmed meat that has been cut into strips and dried (dehydrated) to prevent spoilage. |
| Kobe Beef | It is Wagyu beef specifically from the Kuroge Washu breed of cows in Japan. To be classified as Kobe beef, the cow must have been born, raised, and slaughtered within the Hyōgo prefecture in the city of Kobe in Japan. |
| Liverwurst | It is type of German sausage made from beef or pork liver. |
| Loin | It refers to the sides between the lower ribs and pelvis, and the lower part of the back of a cow. |
| Mortadella | It is a large Italian sausage or luncheon meat made of finely hashed or ground heat-cured pork, which incorporates at least 15% small cubes of pork fat. |
| Pastrami | It refers to a highly seasoned smoked beef, typically served in thin slices. |
| Pepperoni | It is an American variety of spicy salami made from cured meat. |
| Plate | It refers to a forequarter cut from the belly of a cow, just below the rib cut. |
| Porcine reproductive and respiratory syndrome (PRRS) | It is a disease occurring in swine causing late-term reproductive failure and severe pneumonia in neonatal pigs. |
| Primal cuts | It refers to the major sections of the carcass. |
| Quorn | It is a meat substitute product prepared using mycoprotein as an ingredient, in which the fungus culture is dried and mixed with egg albumen or potato protein, which acts as a binder, and then is adjusted in texture and pressed into various forms. |
| Ready-to-Cook (RTC) | It refers to food products that include all of the ingredients, where some preparation or cooking is required through a process that is given on the package. |
| Ready-to-Eat (RTE) | It refers to a food product prepared or cooked in advance, with no further cooking or preparation required before being eaten |
| Retort Packaging | It is a process of aseptic packaging food in which food is filled into a pouch or metal can, sealed, and then heated to extremely high temperatures, rendering the product commercially sterile. |
| Round Steak | It refers to a beef steak from the the rear leg of the cow. |
| Rump Steak | It refers to a cut of beef derived from the division between the leg and the chine. |
| Salami | It is a cured sausage consisting of fermented and air-dried meat. |
| Saturated fat | It is a type of fat in which the fatty acid chains have all single bonds. It is generally considered unhealthy. |
| Sausage | It is a meat product made of finely chopped and seasoned meat, which may be fresh, smoked, or pickled and which is then usually stuffed into a casing. |
| Scallop | It is an edible shellfish that is a mollusk with a ribbed shell in two parts. |
| Seitan | It is a plant-based meat substitute made out of wheat gluten. |
| Self-service kios | It refers to a self-order point-of-sale (POS) system through which customers place and pay for their own orders at kiosks, enabling totally contactless and frictionless service. |
| Sirloin | It is a cut of beef from the bottom and side parts of a cow's back. |
| Surimi | It is a paste made from deboned fish |
| Tenderloin | It refers to a cut of beef consisting of the entire tenderloin muscle of a cow |
| Tiger Shrimp | It refers to a large shrimp variety from the Indian and Pacific oceans |
| Trans fat | Also called trans-unsaturated fatty acids or trans fatty acids, it is a type of unsaturated fat that naturally occurs in small amounts in meat. |
| Vannamei shrimp | It refers to tropical prawns and shrimp that are farmed in areas near the equator, generally along the coast in artificial ponds. |
| Wagyu Bee | It is beef derived from any of four strains of a breed of black or red Japanese cattle that are valued for their highly marbled meat. |
| Zoosanitary | It refers to the cleanliness of animals or animal product |
Need More Details on Market Definition?
Ask a Question
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms.
Get More Details On Research Methodology
Download PDF
